Borg to block EU bank supervision plan
Published: 30 Nov 12 12:56 CET | Print version
Online: http://www.thelocal.se/44774/20121130/
Sweden’s Finance Minister Anders Borg will vote against a European banking union at a meeting in Brussels next Tuesday, effectively vetoing the plan.
- Sluggish Swedish economy still beats growth forecasts (29 Nov 12)
- Swedish banks face 'heavy hand': Borg (27 Nov 12)
- MEPs acted against Swedish interests: PM (27 Nov 12)
"There are a number of important questions remaining. We don't think we've the reached a point where it's possible during this Ecofin meeting to make a decision," Borg told the TT news agency.
“There is still a lot of time left until the end of the year, if we need to make our minds up by then.”
Sweden has several objections against the current proposal, which includes European Central Bank (ECB) remit to supervise national banking sectors.
“It quite simply won't work for us until we reach a compromise that everyone can live with,” Borg told TT after a meeting with the parliamentary EU committee in Stockholm on Friday, where committee members from other parties also gave him their support.
The proposed union aims to strengthen ties between EU banks, with the ECB playing a key supervisory role.
For non-euro countries like Sweden, taking part in the debate is voluntary.
TT/The Local/og
Follow The Local on Twitter
What do you think? Leave your comment below.
'Lean hospital a sign of Swedish welfare reform'
A Stockholm hospital saved from closure by private health care providers has been hailed by the Economist as one of modern's Sweden public-private success stories. READ () »
H&M mulls production in South America and Africa
Swedish clothing giant H&M is looking into the possibility of sourcing its production to South America, Central America, and even Africa, chief executive Karl-Johan Persson said on Monday. READ () »
Nord Stream plans new gas pipelines
Gas pipeline firm Nord Stream will hold an information meeting on the Baltic island of Gotland on Monday to introduce a proposal to extend its controversial gas pipeline project. READ () »
'Sweden next in line for housing market crash'
Sweden tops a list of countries that risk suffering a housing market crash, Germany's Commerzbank has warned, citing the slackening off of Swedish property prices as a harbinger of a potential downswing. READ () »
Solna voted best place to live in Sweden
Solna, a suburb just north of Stockholm, is the best place to live in Sweden, according to a new ranking published on Friday by Swedish news magazine Fokus. READ () »
Ikea founder rated fifth richest in the world
Ingrad Kamprad, the founder of Swedish furniture giant Ikea, finished fifth on the Bloomberg Billionaires Index published on Friday, with an estimated fortune of $55.6 billion. READ () »
LinkedIn profile lands Swede with hefty tax bill
A Swedish man is facing a five-million kronor ($750,000) add-on to his tax bill after the authorities took a proper look at his account on the professional networking site LinkedIn. READ () »
India in no rush to open first Ikea store
The first Ikea store to open in India may not be ready for years, with the India head of the Swedish furniture giant prepared to wait until the the perfect location is found for the first of the 25 planned stores. READ () »
H&M CEO to Bangladesh: raise minimum wages
H&M CEO Karl-Johan Persson has urged Bangladesh to raise its minimum wage, adding the Swedish fashion giant is "willing to pay more" in the wake of a garment industry disaster which killed more than 1,100 people. READ () »
Pensioners to recruit ageing Swedish rockers
The Swedish Pensioners Association wants to cast off its "stuffy" image at the Sweden Rock festival, in a recruitment bid to set up a rock music subgroup of new members. READ () »
- 15/05 Swedish shop hits back: our Converse are real »
- 15/05 Young Swedes forced to live with mum and dad »
- 14/05 Converse in bid to ban 'fake' shoes in Sweden »
- 13/05 Nordea tracked clients in secret 'black book' »
- 10/05 ABB executive to quit after five-year tenure »
- 10/05 Borg defends critique of strong Swedish krona »
- 08/05 EU green lights Volvo and Dongfeng merger »
- 08/05 Sweden sells toxic Baltic salmon to EU: report »
- 07/05 Swedish app lets 'everyone' write music »
- 07/05 'Invisible thread' can help fight fashion pirates »
| 20/05 | Application EngineerNet Entertainment | Stockholm |
| 20/05 | Application EngineerNet Entertainment NE AB | Stockholm |
| 20/05 | Business Development ManagerHays | Stockh, STHM |
| 20/05 | Certification Project ManagerNet Entertainment | Stockholm |
| 20/05 | Client Solutions EngineerInteractive Medica | Stockholm |
| 20/05 | Enterprise Risk ManagerNet Entertainment NE AB | Stockholm |
| 20/05 | Global Senior BuyerValueone AB | Stockholm |
| 20/05 | Group Risk ManagerHumancapital | stockholm, STHM |
| 20/05 | Salgsassistent / Sales AssistantHoss Intropia | Copenhagen |
| 20/05 | Senior SW Developer, Sony Mobile CommunicationsAdecco | Lund, SKÅ |
- 18/05 Economists warn against German euro exit »
- 17/05 Germany cool to France's EU economy plan »
- 17/05 Au pairs rules relax for non-German families »
- 16/05 Germany refuses to slam French economic policy »
- 16/05 Capri-Sun drink wins false advertising award »
- 15/05 Anaemic economy feels winter chill »
- 15/05 ThyssenKrupp bins 3,000 admin jobs »
- 15/05 Pay deal for metal workers averts strike »
- 14/05 First ever strike hits Amazon's German unit »
- 14/05 Volkswagen plans giant car plant in China »
- 22:42 Found out I'm pregnant!
- 22:41 Something you dont know about SWEDEN
- 22:34 Shopping online for electronics
- 22:27 Relocation to Stockholm
- 22:27 Cars insurance in Sweden
- 22:24 Travelling to London
- 20:41 Taking bills via Autogiro without service
- 20:32 Investment market in Sweden
- 20:16 Salary expectations for managing a busy bar?
- 20:11 Buying property in Stockholm
Create an account with Banc De Binary, the world’s most reputable binary options firm, and start cashing in today! You can start by practicing with our free $50,000 demo account.
www.bbinary.com
Expat counsellor & talk therapist offers counselling for stress, relationship issues, sexuality, culture adjustment & life coaching. Private & confidential. Stockholm or Skype. Contact me today! 08-559 22 636 or
CLICK HERE
Casa Birgitta in Algarve, Portugal. Reduced price in best location. Private estate on white sand beach. All amenities included. Book here today! edward_george1@hotmail.com
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
Individuals & Couples - Stockholm Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.